Thu Mar 13 10:36:37 UTC 2025: ## UN Chief Warns of Global Losses Amidst Escalating Trade War
**New York, March 13, 2025** – United Nations Secretary-General Antonio Guterres issued a stark warning on Wednesday, stating that a global trade war will leave all participants worse off. His comments came in response to the escalating tariff dispute triggered by the Trump administration’s imposition of tariffs on steel and aluminum.
The US, under President Trump’s second term, has levied tariffs on various countries, including the European Union, Canada, Mexico, and China, citing unfair trade practices. These actions have prompted retaliatory measures from affected nations, leading to a tit-for-tat exchange of tariffs.
President Trump has defended the administration’s actions, claiming the tariffs will generate hundreds of billions of dollars in revenue for the US and create jobs. He specifically criticized India and other countries for imposing what he deemed “very unfair” tariffs on American products, announcing reciprocal tariffs to take effect next month. Trump asserted that the US has been “ripped off” for decades and that this is a necessary step to rectify the situation. He highlighted significant discrepancies in tariff rates imposed by various countries on US goods, with India’s auto tariffs exceeding 100% and China’s average tariffs being double those imposed by the US.
Despite Trump’s optimistic predictions, Guterres emphasized the interconnected nature of the global economy and warned that a trade war would ultimately harm all involved parties. The situation remains tense as the trade dispute continues to escalate.
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